.
NEW YORK
08:58
LONDON
13:58
PARIS
14:58
FRANKFURT
14:58
HONG KONG
19:58
TOKYO
21:58
SYDNEY
22:58
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UFXBank Daily Review - March 17, 2010

Written by ForexCult Team
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Daily Review 17/03/2010 

USD Dollar (USD) – The dollar fell against most major currencies as Federal Reserve officials once again kept the main interest rate unchanged, near zero, at 0.25% as predicted by economists. It encouraged demand for riskier assets. Earlier, the Building Permits came out 0.61M better than expected 0.6M. The US stocks rallied with NASDAQ gaining 0.67% and the Dow Jones advanced by 0.41%. The Crude Oil gained 2.5% closing at 82$ a barrel and the Gold (XAU) advanced 1.7% closing at 1127$ an ounce. Today, the PPI is expected at -0.2% vs. 1.4% previously.
EURO (EUR) – The Euro strengthened versus the dollar after European finance ministers worked out a strategy for emergency loans to Greece and advanced more after Fed’s decision to leave rates unchanged. The German ZEW Economic Sentiment came out 44.5 better than expected 43.5 and the CPI came out unchanged as expected at 0.9%. Holding above 1.3730 levels might extend the uptrend till the 1.3860. Overall, EUR/USD traded with a low of 1.3655 and with a high of 1.3783. Today, no economic data is expected.
EUR/USD – Last: 1.3780

Resistance  
  1.3785    1.382    1.39
Support    1.3730    1.37    1.3650

EURUSD""

British Pound (GBP) &ndash

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Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

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We deal with clients on all levels from the beginning stages to the more advanced trading levels.

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Because of our high presence on the web, most of our business comes from the online world.

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Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

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My advice to the beginning trader entering the Forex world is as follows:
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